If you've been wondering what Medicare can do for you, you've come to the right article. For those who cannot afford the insurance or are…
If you’ve been wondering what Medicare can do for you, you’ve come to the right article. For those who cannot afford the insurance or are disabled, Medicare can be a godsend.
First of all, you may be wondering how exactly do you get Medicare. First of all, you must be a senior 65 years or older, or disabled for those under the age of 65, or have renal failure that cannot be reversed and requires a transplant or dialysis.
There is an online tool that helps you determine you eligibility for Medicare. This tool will ask questions regarding your marital status, income, current coverage, if any, where you live and several other questions that will enable to you to benefit from Medicare.
Then, there’s also the case of the actual insurance that is offered by Medicare. What benefits can you receive?
There are several Medicare options. All have their different levels of coverage and other factors that play in.
The original Medicare plan covers certain medicines and a lot of health care services. You just need to make sure that the doctor or hospital you are visiting actually accepts Medicare. You will be gives and red, white, and blue card that you will show the doctor administering treatment in the case of an emergency, appointment, etc. It does not cover certain things like co-pay, coinsurance, and deductibles. In this case, you will have to look into Medigap, which covers these costs.
Medicare advantage plans cover a bit more than the original Medicare plan. However, you have to choose the one that best suits your needs in order to best prepare. There are lower co-pay costs and other benefits.
Medicare prescription drug plans are plans that have to be added to another plan that you already have. This includes Medicare original and Medicare advantage plans.
The last Medicare plan is the Medigap. Medigap covers most additional costs and helps you to get the treatment you need without having to shell out as much as you would without it.
There are several different categories of people who are eligible for Medicare. You are eligible for Medicare if you are aged 65 or older. Medicare is basically a government funded health insurance plan for people aged 65 and older. It is also for people under 65 with certain disabilities and in some instances for other groups of people under certain conditions. It contains a Medicare Part A, a Part B and Part D which is prescription drug coverage, or Medicare RX.
There are various levels of Medicare you may be eligible for. It depends on the amount of payroll deductions that you or your spouse made during the time that he or she worked. You need to sign up for Medicare three months before you reach age 65. Otherwise your Medicare medical insurance as well as any prescription drug coverage may be delayed and you could be charged higher premiums. Medicare is a separate program from Social Security. It is run by the Centers for Medicare and Medical Services. It helps pay for inpatient hospital care, nursing care, doctor’s fees, drugs and other medical services and supplies to people age 65 and older as well as people who have been receiving Social Security disability benefits for two years or more.
Basically you are eligible if you have paid enough money into the system and meet all of the other requirements even if you are not yet 65. When you receive Medicare Part A you have a seven month window to subscribe to a supplemental Part B which will generally be through an independent insurance company who is a member of the Medicare network of suppliers. Medicare has gone through some changes since its inception in 1965. It had a major revision in 2003 and will have some additional changes in the future.